Affiliated Managers Group Q2 Profit Rises - Quick Facts

(RTTNews) - Affiliated Managers Group Inc. (AMG) reported that its net income for the second quarter of 2015 rose to $128.7 million, from $99.1 million for the same period of 2014. Earnings per share for the second quarter were $2.31, compared to $1.75 for the same period of 2014.

Economic net income for the quarter was $171.4 million, compared to $149.8 million for the same period of 2014. Quarterly economic earnings per share were $3.08, compared to $2.65 for the same period of 2014.

Revenue for the quarter rose to $646.6 million from $636.3 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $3.02 per share and revenues of $662.11 million for the quarter. Analysts' estimates typically exclude special items.

Net client cash flows for the second quarter of 2015 were $4.1 billion. AMG's aggregate assets under management were approximately $650 billion at June 30, 2015, pro forma for a pending investment.